Business
IXICO signs MOU with Beijing UMP
IXICO signs MOU with Beijing UMP.
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[{"type":"text","content":"\n \nRNS Number : 4123U IXICO plc 02 December 2013 \n \n\n2 December 2013\nIXICO plc\n \n(\"IXICO\" or \"the Company\")\n \nIXICO signs memorandum of understanding with Beijing Union Medical and Pharmaceutical General Corporation during the Prime Minister's trade mission to China\n \nJeremy Hunt supports IXICO's MOU to develop dementia diagnostic and research services for the Chinese market, the world's largest dementia market\n \nIXICO plc ('IXICO' or the 'Company'), the brain health company, announces that it has today signed a memorandum of understanding ('MOU') with the Beijing Union Medical and Pharmaceutical General Corporation ('UMP'). UMP is a fully owned subsidiary of the prestigious Chinese Academy of Medical Sciences (CAMS) and is its innovation arm. \n \nThe MOU states that IXICO and UMP plan to work together (i) to deploy a neuroimaging informatics platform in China to support dementia diagnosis, (ii) to advance public understanding of dementia, and (iii) to use imaging biomarkers to enrich study populations to streamline the evaluation of new dementia treatments.\n \nIt is estimated that in China a significant majority of the dementia population remain undiagnosed and currently an estimated 6-10 million people have dementia (c. 20-25% of the world's dementia cases), of which c. 60% of which have Alzheimer's disease.1 Furthermore, the total annual healthcare costs for dementia are estimated at £5.5 billion and the annual loss to the economy is around £9 billion. The incidence rate of dementia is estimated to double over the next 20 years as the Chinese population ages and by 2040, the population with dementia in China is expected to equal the total in all high income countries.2\n \nIXICO's chief executive, Professor Derek Hill, is a member of the British Prime Minister's current trade delegation to China along with the Secretary of State for Health in England and other representatives from British business. \n \nThe MOU was signed by Steve Jiang on behalf of UMP and Derek Hill on behalf of IXICO at a UK-China healthcare strategic partnering event attended by the Rt. Hon. Jeremy Hunt, the Secretary of State for Health in England.\n \nCommenting on the signing of the MOU, Jeremy Hunt, Secretary of State for Health in England, said:\...